SKI RESORT IN FORECLOSURE!!!

[James Dunn]

Hi bigger pockets family. This post might seem crazy but i promise its true. I recently moved to Colorado. I work at a ski resort out here and recently found out the owner needs to liquidate the company or she has to let all assets go back to the bank. It is a small family owned company and I see the CFO everyday so I have access to the right people to talk to. Does anyone have any knowledge or interest in an opportunity like this. The owners had two seperate entities. One was the Real Estate Development Company that developed a bunch of land up in the mountains and has been selling the developed lots. That portion has just been surrendered back to the bank (private equity firm). The second was the actual ski resort where I currently work at. This is currently for sale and if not sold will also be foreclosed upon. My idea is to gather a small group of investors together to help me crowdfund the purchase at (50 cents on the dollar)  and manage the HIGH income producing asset thereafter.   

[Parker Eberhard]

@James Dunn I dated a girl in high school whose parents owned a ski resort in Michigan. It is one of the more volatile industries to be in. Operation costs are high, it’s typically a seasonal business, and all of your income is predicated on one thing you can’t control; the weather.

With climate change occurring at the rate it is ski resorts are seeing their seasons drastically changing